Volcker Spares No One in Broad Critique

| No Comments | No TrackBacks

Damien Paletta:

Former Federal Reserve Chairman Paul Volcker scrapped a prepared speech he had planned to deliver at the Federal Reserve Bank of Chicago on Thursday, and instead delivered a blistering, off-the-cuff critique leveled at nearly every corner of the financial system.


Bloomberg News
Former Fed Chairman Paul Volcker
Standing at a lectern with his hands in his pockets, Volcker moved unsparingly from banks to regulators to business schools to the Fed to money-market funds during his luncheon speech.

He praised the new financial overhaul law, but said the system remained at risk because it is subject to future “judgments” of individual regulators, who he said would be relentlessly lobbied by banks and politicians to soften the rules.

“This is a plea for structural changes in markets and market regulation,” he said at one point.

Here are his views on a variety of topics.


No TrackBacks

TrackBack URL: http://www.virtualbroker.com/cgi-bin/mt4/mt-tb.cgi/234

Leave a comment

About this Entry

This page contains a single entry by Jim Zellmer published on September 24, 2010 10:22 AM.

Narcissism, Brand Pages, and the Challenge of Facebook. was the previous entry in this blog.

Special Report: The ties that bind at the Federal Reserve is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.